The Financial Services and Markets Authority (FSMA) said that the number of reports on fraudulent online trading platforms, fake credit offers and fraudulent wealth management and alternative investment products have been on the rise when compared to 2019.
In its 2021 Work Programme, the European Securities and Markets Authority (ESMA) set out its priorities, which will include developing the retail investor base to support the Capital Markets Union (CMU), promoting sustainable finance and ensuring a proportionate approach to regulation.
The new capital markets union action plan unveiled on Thursday by the European Commission lacks of ambition in the view of the EU retail investor association Better Finance.
The three European Supervisory Authorities (ESAs) underlined the need to monitor the increasing risks to valuation, liquidity, credit and solvency in the financial sector and warned of further market disruptions in the future.
Esma, which is set to render its opinion on the Market Abuse Regulation (MAR) by the end of September, is expected to rule on pre-hedging practices.
Iosco's measures to address potential issues when issuers are preparing to raise debt finance include the use of risk management transactions, the quality of information available to investors, and the allocations process.
Rebecca Vaughan, analyst and author of InfluenceMap's latest report, and Edward Collins, director, corporate lobbying at the organisation, on the findings of the research and the evolution of sustainable finance.
British organisation InfluenceMap has mapped the engagement and corporate positioning on European sustainable finance policy of 75 leading financial institutions, 12 financial industry and eight corporate industry associations.